Rustamm
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Bitcoin lover!
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September 29, 2018, 07:20:17 AM |
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I do not think so. Maybe a maximum of 60 percent of ICO projects are useless or just scams. However, this does not mean anything. In general, the Crypto currency is developing very quickly. Unnecessary coins and tokens leave the market. The remaining ones make a very valuable contribution to the increase in the overall utility of the crypto currency.
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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Razick
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October 02, 2018, 09:53:36 PM |
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I think that you are right, especially all of the coins that are being pushed into the market right now, most of them do not have anything to offer and they are just here to make a quick buck off of unsuspecting investors. The reason that a lot of coins are still listed is because of the traders using them, else they would have all died out a very long time ago
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ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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l10no
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October 02, 2018, 10:58:25 PM |
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All things that are on cryptocurrency are not all predictable well, many ICOs are not suitable if they have been listed in a market. i think this is no longer compatible with symbiosis again. if this continues to happen, it can be concluded that I agree the ICO system was abolished
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SaféTilt
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The World’s First Blockchain Core
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October 02, 2018, 11:01:45 PM |
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I agree. There is too many projects in crypto space and more than 70 percentage even dont need blockchain in their bussineses. but they are integrating blockchain and tokens for collecting money under name of ico.
maybe 99 is the very big number for saying that but also i believe more then 85 project is worthless for even 1 dollar.
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cryptoblazter
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October 02, 2018, 11:08:12 PM |
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Since almost anybody who has a good computer background can make ICO without hassle, most of the projects would be a failed projects. That is why, I agree with regulating these ICO so that before they can be allowed to start with crowd funding, they go through series of evaluation. In this manner, projects that are feasible will be allowed.
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oapieNL (OP)
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August 14, 2019, 08:26:58 AM |
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We are today exact 1year later when i started this topic.
Today im thinking the same as a year ago
And all that altcoin prices are even more worser .
All the prices of those altcoins have fallen even further and deeper in value in one year. but not to mention many deathcoins & scams
That way I stick to my words. All those projects do not need tokens.
I cannot link any value to it.
Masternodes, for example, are also worthless.
Tokens with dividents are also simply worthless.
Nothing at all yields what triggers people to hold alts with dividers or master nodes. People get paid in more of there shitcoins.
Rarely if you put a garbage bag on the street and you get 2 garbage bags in return.
Let them pay dividends and rewards in bitcoin instead of shitcoin, at least there is something that makes shitcoins with master nodes or dividends worth something
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prehisto
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Your Data Belongs To You
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August 15, 2019, 09:37:06 AM |
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Your percentage is close to reality.
Sadly not only those projects who just wanted to list in shit exchange and take off with money but also those who have real good products behind have lost 90+ % og their value.
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zzortyx
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August 15, 2019, 09:57:40 AM |
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It's simple. People do not believe in the prospects of these projects and sell tokens while there is still at least some demand. Subsequently the demand for tokens drops to almost zero and the project ceases to have value at all.
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shoreno
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August 15, 2019, 10:04:51 AM |
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Most projects copy a friend’s friend
copying someone else project is bad even if you say that it your friend . people will only find out because they will make a research and compare it to the original . not 99 but we should say more than 50 of them are not really worth it . the rest are good to support but they are now harder to find because they maybe lacking of promotions due to a limited budget . |
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Milamol
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August 15, 2019, 10:17:19 AM |
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Your percentage is close to reality.
Sadly not only those projects who just wanted to list in shit exchange and take off with money but also those who have real good products behind have lost 90+ % og their value.
This is not surprising, since the asset will fall in price until the project begins to make a profit...even the best projects. And almost all projects now do not bring profit. Since the development has not yet been completed, there is no mass adoption. |
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weidex
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August 15, 2019, 10:30:54 AM |
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Definitely not 99% of them are worthless. There are still projects that are doing a hard work. Let's not forget that most of the projects are very fresh and need time to scale. Development needs time but it also needs money which I assume is the main problem for most of the projects. Everyone is looking and investing in bitcoin right now because people got disappointed with alts. But there still be hunters who are looking for good projects which can be spotted by a good research.
There are some good projects in the field of DEXs which are far better than the well-known ones but are struggling to receive liquidity and users.
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coin-investor
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August 15, 2019, 11:08:41 AM |
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I think you are not at doing the right kind research, you are talking about finding the right project amidst the so many useless projects but the site or project that you are promoting after your very long post is not existing anymore, it now falls to the wrong or useless project.
99% is such a huge percentage I don't think you looked at every project or coin, you just guess it, if 99% of the project is not worth a cent, then how come there is huge volume and how come there are buy order on so many coins in the market, you should come out with a good research to give us a good figure and not a wild guess based on your failed investment experiences.
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fuer44
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August 15, 2019, 11:42:06 AM |
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yes, even though this is reality but I still have another view about the failure of this project.
1. the team of development is reluctant to launch tokens to the market because of the fall of altcoin, so that it will make the token exchange rate for the smart contract even lower.
2. with a large project development cost, but the team did not find a way to overcome this bearish impact on the value of their tokens, instead made an excuse to take their own profit and take money from investors.
It doesn't make sense, but that reality almost happened to more than 50% of ico projects that failed during this one year period. That should not be their reason for stealing, and they must be fair in any market situation.
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confreslamp
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CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
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August 15, 2019, 11:47:11 AM |
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Without any working service that could compete with existing centralised services or something that would bring a revolution to an industry any coin will die off. I agree and think that market should be cleaned up from shitcoins.
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accounting 181293
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August 15, 2019, 12:00:14 PM |
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all I think about is to buy bitcoin better and forget about new projects. not 99% but all existing projects are worthless, all token dumps and continues.
bitcoin is the only safer crypto investment. ICO / IEO / STO scammers will cheat sooner or later.
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CryptoIyke
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August 15, 2019, 12:13:42 PM |
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This assumption may not be correct because there is no statical data to back it up, though I think that majority of what happened is due to the increasing btc dominance which is seeing a lot of altcoins fade away and hard for the new ones to survive.
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shiming
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August 15, 2019, 12:23:50 PM |
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As the market blockchain technology is still evolving, in the future society, various industry blockchains have many important functions and require different kinds of cryptocurrencies, which requires them to compete with each other. Is it the evolution that can produce good projects?
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BlackFor3st
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August 15, 2019, 12:59:34 PM |
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In the current situation of the market right now, I can say that instead of 99% it is safe to say that 95% of the projects that are currently running are worthless and will end up scamming the money of the investors.
I am in favor of 5% because there are still very few projects that you can support which worth more than what you have done. But they are very difficult to find, so it's better that you will widen your research in finding the right project to join, invest and support.
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The Sceptical Chymist
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Cashback 15%
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August 15, 2019, 01:13:58 PM |
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And all that altcoin prices are even more worser .
All the prices of those altcoins have fallen even further and deeper in value in one year. but not to mention many deathcoins & scams
Are you talking about altcoins with their own blockchains or tokens that run on platforms like ETH? They're two different things. The tokens pumped out by these crappy-ass ICO projects are indeed mostly worthless, and I'm not sure why people are still investing in these things. I have yet to hear of a project that's solved a problem in need of solving by employing a blockchain solution with a token. Not one. These charlatans make a lot of claims and promises, and invariably they fail to deliver--except to profit themselves at the expense of the investors and even the bounty hunters who help them advertise. But while the altcoin market is currently in the dumps, that could reverse itself and it probably will. I do think most altcoins are redundant and will never get used in commerce, but there are some that could be very useful if only people adopted them. Many of them have advantages over bitcoin in terms of cheaper network fees and faster confirmation times, but there are so many of them that they can't all develop strong communities. Masternodes, for example, are also worthless.
Yeah? I know a guy who runs a PIVX masternode, and he says it makes him a pretty decent amount. I've never run one, but I don't really think they're worthless. |
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xenomorphe1
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August 15, 2019, 01:49:14 PM |
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A lot of projects are now worthless in term of value for their coins, because people now only care about bitcoin. Look at the dominance of bitcoin. Is it normal for you to have 70 percent market dominance for one coin which does not do anything new compare to some new altcoins? Most people are only here for greed and not about the development of the technology. Some projects are doing excellent work, but their tokens are worthless. Look for exemple at the Ambrosus team. They have an excellent team. But nobody care about their token now. I would say, it is not worth for new companies to enter the crypto market. Except if they make a scam exit as their tokens are going to be dumped hard after the first pump of the coin. Because people now are only buying bitcoin and not because the team want to develop an excellent product or not. Only coins which are created by an exchange are doing good. Because they give some advantages to thoses traders as lower fees or permit to participate in new IEO which get dumped hard after too. If this continue, cryptocurrencies are going to die as there is too few real investors to develop the new technology. Continue like this and buy only bitcoin and we are going to see the fall of all cryptocurrencies and not just altcoins.
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